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Chinas economy is known as a what economy?
China's economy is known as a command system, or a socialist economy. This means that the wealth of everyone in China's work force is evenly distributed amongst everyone in the country. This poses a problem for people's incentive to work which is the main flaw in this type of economy
How did the soviet unions economy work under a communist government?
soviet unions command economy worked because of the great deppresion
What kinds of work did people do in the economy of the middle colonies?
farmers
What was the southern colonies economy?
The Southern Colonies' economy relied heavily on slave work and agriculture, typically the production of cotton.
What region depended on the work of enslaved African Americans for its economy?
england
Chinas economy is known as a what economy?
China's economy is known as a command system, or a socialist economy. This means that the wealth of everyone in China's work force is evenly distributed amongst everyone in the country. This poses a problem for people's incentive to work which is the main flaw in this type of economy
What is the US economy like?
The United States economy is the largest national economy in the world. It is the 11th largest.
How did the soviet unions economy work under a communist government?
soviet unions command economy worked because of the great deppresion
What is Pennsylvania's economy?
Pennsylvania has a really good economy. There is a lot of work.
Why different people of different racial group are unemployable in certain sectors of the economy?
Some people in the economy are not legal to work where they are trying to find employment, as they may be from a different country. These people find under-the-table paying jobs, which causes less jobs for people that can legally work.
What is the difference in job security under a communist state and a free market economy?
Communism has no state and no concept of a job. People will do work that they find fulfilling and useful. In a so-called free market economy, people are at the mercy of the market and their employer’s need for profit, and so have little real job security.
How does the market economy work?
An increase in trade and aided the growth of market economy
Use economy in a sentence?
Finding work in the present economy can be a difficult task.
How does market economy work?
An increase in trade and aided the growth of market economy
When did Mao Zedong first read the Communist Manifesto?
Mao Zedong first read the Communist Manifesto in 1919 while working as a librarian at Peking University. This experience played a crucial role in shaping his political ideology and inspiring his revolutionary activities in China.
How did the Middle Ages economy work?
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How is the government involved in a planned economy?
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
